Construction giant Probuild has won the design and construct contract for Melbourne’s AU$2 billion (US$1.55 billion) West Side Place apartment project and Ritz-Carlton Hotel.
International developer Far East Consortium is set to transform the former The Age newspaper site at 250 Spencer Street into Victoria’s largest residential development. The developer has so far recorded over AU$700 million (US$542 million) in pre-sales for towers A and B.
West Side Place is Probuild’s largest construction contract in its history.
The first stage of the development will house 1,376 apartments over two towers, as well as a 270-meter-high Ritz-Carlton hotel, the tallest hotel in the southern hemisphere.
“This Victorian project is one of unprecedented scale and ambition, not just for Probuild, but for Melbourne,” Probuild’s Victorian managing director, Luke Stambolis, said. “West Side Place will be an exemplary project for generations to come.”
The 263-room Ritz-Carlton hotel will be located in tower A of the four-tower development. The four towers will range in height from 62 stories to 81 stories.
On the residential side, West Side Place will feature a range of one- and two-bedroom apartments, as well as carefully designed amenities totaling more than 4,500 square meters. Amenities include pools, a gym, cinema, karaoke rooms, catering kitchen, boardroom, business center, study pods, library, private wine bar, sauna, and steam room.
Probuild will commence preparatory works on West Side Place immediately, with construction anticipated to commence in November 2017. West Side Place is scheduled for completion in 2022.
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